Forex dealers said besides fresh selling of the American currency by exporters and banks, a higher opening in the domestic equity markets supported the rupee but dollar's strength agaisnt other curreices overseas, capped the gains.

The Indian rupee had plunged by 42 paise to close at over seven-month low of 61.83 against the Greenback yesterday on heavy capital outflows and a spike in demand for US dollar.

Meanwhile, the benchmark BSE Sensex recovered by 71.37 points, or 0.27 per cent, to 26,070.71 in morning trade on Friday.

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